Power Metal Resources plc has increased its treasury with the purchase of a total of 700,000 of its own shares of two pence each, over three days. PURCHASES The purchase on 25 March was of 250,000 ordinary shares at a price of 13.846p each, on 24 March 100,000 ordinary shares at 13.35p each, and on 23 March […]
Month: September 2026
Serica completes GLA acquisition
Serica Energy plc has completed its acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure, along with operated licence interests in four near-field exploration blocks. GROWTH The purchase from TotalEnergies gives the company a new operated hub in the West of Shetland basin. Serica said that current net production is […]
First Class raises £400,000
First Class Metals plc has raised £400,000 through its “multiple times” oversubscribed retail offer, exceeding its initial target. TVRs The company said it increased the retail offer, at the issue price of 1.52 pence per share, due to demand which resulted in the issue of 26,315,789 new ordinary shares. Following admission First Class’ issued share […]
Helium One raises £3.5m
Helium One Global Ltd has raised £3.5 million via a direct subscription of 583,333,334 new ordinary shares, at 0.6 pence per new ordinary share, by institutional investors. PROCEEDS The issue price represents a discount of 17.6% to the closing mid-market price of the company’s existing ordinary shares on 25 March 2026. The company also intends to raise […]
Cadence to begin arbitration over Sonora lithium
Cadence Minerals plc has secured funding for international arbitration in connection with its investments in the Sonora lithium project in Sonora State, Mexico. UK-MEXICO The company holds a 30% stake, through its subsidiary REMML, in Mexilit S.A. de CV and Minera Megalit S.A. de CV, which hold the concessions. Ganfeng Lithium Group Co., Ltd is […]
Ascent continues to await Slovenia award
Ascent Resources plc said it had been advised of a prepared draft for a tribunal award in connection with its Petišovci gas joint venture in Slovenia. COMPLEXITY The company’s claim is under the Energy Charter Treaty against the Slovenian Government. Ascent added that the arbitration tribunal from International Centre for Settlement of Investment Disputes (ICSID), […]